Journal of Labor Economics· 2015Q1
Import Competition and the Great US Employment Sag of the 2000s
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- Q1SCImago
- 2015year
Short summary
Rising import competition from China between 1999-2011 is estimated to have caused 2.0-2.4 million US job losses, significantly contributing to the 2000s employment slump, particularly in manufacturing.
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Key points
- US employment growth was weak between 2000-2007, reversing gains from the 1990s.
- Manufacturing employment saw a historic contraction during this period.
- Import competition from China, which surged after 2000, is identified as a major factor.
- Estimates suggest 2.0-2.4 million US job losses from 1999-2011 due to Chinese import competition.
AI-generated from the title and abstract; the full text is not read.
Abstract
Even before the Great Recession, US employment growth was unimpressive. Between 2000 and 2007, the economy gave back the considerable employment gains achieved during the 1990s, with a historic contraction in manufacturing employment being a prime contributor to the slump. We estimate that import competition from China, which surged after 2000, was a major force behind both recent reductions in US manufacturing employment and—through input-output linkages and other general equilibrium channels—weak overall US job growth. Our central estimates suggest job losses from rising Chinese import competition over 1999–2011 in the range of 2.0–2.4 million.
The authors' abstract, as published at the source. Journal of Labor Economics, 2015 · DOI ↗
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Field: General Economics, Econometrics and Finance
General Economics, Econometrics and FinanceEconomics, Econometrics and Finance